Pacer Advisors Inc. Sells 51,883 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Pacer Advisors Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,312 shares of the company’s stock after selling 51,883 shares during the period. Pacer Advisors Inc.’s holdings in Mondelez International were worth $10,199,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Capital Research Global Investors increased its position in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after buying an additional 4,572,555 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International during the first quarter worth $189,930,000. Deutsche Bank AG increased its position in Mondelez International by 17.1% during the fourth quarter. Deutsche Bank AG now owns 13,734,080 shares of the company’s stock worth $820,337,000 after acquiring an additional 2,002,640 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mondelez International during the 4th quarter valued at $104,065,000. Finally, Invesco Ltd. boosted its holdings in Mondelez International by 13.6% in the 4th quarter. Invesco Ltd. now owns 12,409,582 shares of the company’s stock valued at $741,224,000 after purchasing an additional 1,483,270 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $70.58 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The firm has a market cap of $91.39 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company’s 50-day moving average price is $67.64 and its two-hundred day moving average price is $65.01.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. Mondelez International’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Monday, June 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend was Monday, June 30th. Mondelez International’s dividend payout ratio is presently 69.89%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore ISI boosted their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, April 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Barclays raised their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Piper Sandler boosted their price objective on Mondelez International from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $70.72.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.